Forecasting flood risk in the Indus River system using hydrological parameters and its damage assessment

Hydrological parameters are among the widely used parameters in assessing flood risk. On the other hand, anticipated flood damages, in case of flooding, are estimated with the help of expected losses in areas nearer to the watercourse. The major source of almost every-year flooding in Pakistan is the Indus River system that comprises the major rivers of Pakistan. We first use observed data to construct simulated data models based on various probability distributions namely normal, lognormal, Weibull, largest extreme value, gamma-3, and log-Pearson type-3 distributions and thereby compute probable maximum flood. Secondly, we perform log-Pearson type-3 analysis with and without historic adjustment on the observed data series of 17 years to forecast floods with return periods T of 2, 5, 10, 25, 50, 100, and 200 years. We also categorize the river structures based on the risk of flooding. Lastly, we estimate risk of flood damages in terms of expected losses based on observed data. The present study reveals that the log-Pearson type-3 distribution is relatively better for estimating probable maximum flood. We use exceedence probability to assess the risk of flooding in the various structures of the said rivers. The analysis shows that flood damages in Pakistan may be reduced by increasing the design capacity of the structures and also by giving awareness to people about the flood-generating factors.